Bill Clinton and Barack Obama helped shift power away from the people towards corporations.
It was this that created an opening for Donald Trump.
(ed:..of course reich is also talking about the new zealand labour party – who abandoned their core vote when they lurched from socialism into neoliberalism..i wonder if they will learn the lessons proffered by brexit/the rise of trump – or will they continue on their current path of incrementalist-neoliberalism..?..(i’m going for ‘b’..)
There had been hints of the political earthquake to come.
Trump had won the Republican primaries after all.
More tellingly Clinton had been challenged in the Democratic primaries by the unlikeliest of candidates – a 74-year-old Jewish senator from Vermont who described himself as a democratic socialist and who was not even a Democrat.
Bernie Sanders went on to win 22 states and 47% of the vote in those primaries.
Sanders’ major theme was that the country’s political and economic system was rigged in favor of big corporations – Wall Street and the very wealthy.